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Aether Speciality Chemicals will manufacture chemicals and operate in allied area, in-line with Aether Industries. It is yet to commence its business operations.
Aether Industries incorporated Aether Speciality Chemicals by subscribing to its 49,950 equity shares of Rs 10 each aggregating to Rs 4,99,500, which adds up to 99.90% of the share capital of the incorporated entity.
Aether Industries is a specialty chemical manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.
The company reported 5.3% fall in net profit to Rs 30.62 crore on 6.7% increase in revenue from operations to Rs 160.01 crore in Q1 FY23 over Q1 FY22.
The scrip slipped 0.83% to currently trade at Rs 910.75 on the BSE.
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